India’s benchmark stock indices traded higher through midday on Thursday, led by gains in index heavyweight Reliance Industries Ltd., including oil & gas and automobile stocks.As of 12:30 p.m., the S&P BSE Sensex rose 0.17%, or 122.72 points, to 71,780.42, while the NSE Nifty 50 gained 0.22%, or 47.35 points, to 21,667.80.The indices moved in a narrow range ahead of the release of the U.S. CPI print for December at 7:00 p.m. IST, which would give further cues to the likely rate action by the Fed.The U.S. CPI is expected to remain unchanged at 3.2% on year in December, according to a Bloomberg survey.The Sensex hit an intraday high of 71,999.47 while the Nifty 50 touched 21,726.50 so far…
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